Missed the BBC Radio 1 Teen Awards this weekend? No need to worry — we’ve got you covered with highlights of the red carpet, from American red carpet staples Taylor Swift and Joe Jonas to British stars like Pixie Lott and “The A Team” singer Ed Sheeran. Join the forum discussion on this post
NEW YORK — Standard & Poor’s on Thursday downgraded its long-term debt rating on Spain, citing the country’s weak growth prospects and risks facing its banks. The Spanish economy is burdened by high unemployment, tight credit, heavy private-sector debt loads and prospects that its main trading partners will also stumble, S&P said in a statement. [...]
Who’s the luckiest girl in the world who gets to hang out with Justin Bieber every single day? Nope, not Selena Gomez. We’re talking about Pattie Mallette, Biebs’ mom, who also happens to be one of the coolest (not to mention richest?) mommies in the world. Is it wrong to compare our moms and yours [...]
In the years leading up to high school, I had already begun to map out detailed plans for how life was going to be like in those four years. I visualized the cliques, wondered about the status of my popularity, questioned the popularity of others, and, ultimately, braced myself for the cruelty that is known [...]
Fitch Ratings placed Bank of America Corp , Morgan Stanley and Goldman Sachs Group Inc on review for possible downgrades on Thursday. The ratings agency, which also put six European banks on review for downgrades, said the institutions’ viability ratings and long-term issuer ratings were on “negative” watch as its analysts engage with the companies [...]
NEW YORK (Reuters) – Raj Rajaratnam, a self-made hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation, was ordered on Thursday to serve 11 years in prison, one of the longest sentences on record in an insider-trading case but less than prosecutors had sought. Prosecutors had asked U.S. District Judge [...]
When protesters first gained attention for camping out in Manhattan’s Zuccotti Park, pundits and politicians were constantly asking what Occupy Wall Street was really about? Though the group has a semi-official answer, their internet presence may reveal more about what’s at stake for the protesters. Using the text of 259 Facebook groups associated with Occupy Wall [...]
The Internal Revenue Service (IRS) is investigating Google for avoiding taxes by shifting its profits overseas, according to a Bloomberg News report by Jesse Drucker. The IRS has asked Google for information about its offshore deals after three acquisitions, including its 2006 purchase of YouTube, according to Bloomberg. Like other multinational companies based in the U.S., Google has [...]
WASHINGTON – A new U.S. tax on indoor tanning is producing far less revenue than expected, with the U.S. Internal Revenue Service having trouble implementing the measure, the tax-collecting agency’s auditor said Thursday. An indoor tanning services excise tax was enacted in March 2010 as part of President Barack Obama’s healthcare law. The tax took [...]
Oct. 13 (Bloomberg) — A widening gap between rich and poor is reshaping the U.S. economy, leaving it more vulnerable to recurring financial crises and less likely to generate enduring expansions. Left unchecked, the decades-long trend toward increasing inequality may condemn Wall Street to a generation of unimpressive returns and even shake social stability, economists [...]
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